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NMKEF - Nemaska Lithium: There's A Light At The End Of The Tunnel
Nemaska Lithium Inc
On February 13, Nemaska Lithium (NMKEF) shocked the markets with an announcement of a C$375 million cost overrun at its lithium development project. The share price tanked to levels last seen in 2015, as it was not known, how the project development will progress. Slightly more than five months later, Nemaska released news that sheds some light at the end of the tunnel. The company announced a potential C$600 million equity financing, consisting of a C$200 million private placement and C$400 million rights offering. Although the exact extent of the financing is